Why Developers Stepping Back Is Quietly Supporting Perth Property Prices
Much of the current discussion around property markets is focused on negative forces, rising interest rates, global instability, fuel costs, and softer buyer sentiment.
It’s a common belief among some owners that all agents are pretty much the same. Well I can tell you that this story proves very much otherwise.
Sometimes it’s only when the statistics become publicly available that we discover the sometimes startling differences in sale prices for similar properties.
When I took a property to market for auction on Gardiner St in Belmont in September there was a property 3 doors down the road that was a bigger potential triplex block of 771sqm and arguably a better house. The agent for that house was a seasoned veteran in Belmont and had it listed for well over a month for $499,000+. Ray White’s client’s property is a 754sqm also potential triplex block and was booked to go to auction. Within a week the property was sold before auction for $512,468, an unusual number as it was presented by a buyer’s agent looking for a bargain.
What is fascinating is that the statistics now show that the property sold by the seasoned veteran went for $490,000 only 4 days before the sale of our client’s property. That’s a cool $22,468 extra at least for our client by using Ray White to sell their property.
Much of the current discussion around property markets is focused on negative forces, rising interest rates, global instability, fuel costs, and softer buyer sentiment.
We would like to inform you of an important update to the bond release and dispute process in Western Australia, which came into effect on 28 March 2026. Introduced by Consumer Protection, this update represents the final phase of the reforms to the Residential Tenancies Act announced in May 2023. These changes are designed to simplify the bond release process, improve transparency, and reduce the number of disputes progressing to court.